Trading moment: After CPI cooled down, Trump once again called for orders to rise in stock markets, Ethereum's market value accounted for nearly 10% and filled the CME gap. The popularity of Meme coins on the chain soared

1. Market Observation

Keywords: SOL, ETH, BTC

Trump spoke again this morning, predicting that the stock market will rise sharply and put pressure on Federal Reserve Chairman Powell to demand a rate cut as soon as possible. At the same time, the US April inflation data released yesterday unexpectedly cooled down, with the annual CPI rate falling to 2.3%, a new low since February 2021, and the annual core CPI rate remained at 2.8%. Affected by this, short-term interest rate futures prices in the United States rose, and traders' expectations for the Fed's interest rate cut significantly. The market generally expects the Fed to cut interest rates for the first time in September. However, major Wall Street investment banks are more cautious in predicting the time window for interest rate cuts. Goldman Sachs and Barclays have delayed the next rate cut by the Federal Reserve to December. JPMorgan Chase holds the same view, while Citigroup will adjust its expectations from June to July. Despite optimism from inflation data, Trump's tariff policy has sparked market concerns. Analysts point out that the full impact of tariffs on inflation has not yet been fully revealed, as retailers are still digesting previously hoarded inventory. However, as China-US tariffs enter a truce, Goldman Sachs has lowered the probability of a US recession from 45% to 35%. Goldman Sachs said in the report that the shift in trade policy has reduced the risk of recession to some extent, but the economic pressure brought by high tariffs and the continued uncertainty still pose a major challenge to U.S. investors and corporate management, which may affect investment decisions and market confidence, and thus have a potential impact on economic growth.

Bitcoin is currently in a volatile range, while Ethereum has exceeded US$2,700, accounting for nearly 10% of its market value. According to QCP Capital analysis, as macroscopic narratives shift from protectionism to trade optimism, BTC may continue to maintain range volatility. In contrast, ETH's trend is clearer. Its breakthrough of $2,400 is synchronized with the Pectra upgrade, and the reappearance of long-term option flows may indicate that ETH is becoming the next major allocation object in the market. Investment institution Abraxas Capital has purchased a large amount of Ethereum and has purchased 242,652 ETHs in the past week, worth about $561 million. It is worth noting that according to Rekt Capital's analysis, Ethereum has completely filled the CME day gap (green area) of about $2,530 and $2,630, and the next CME day gap may be between about $2,892 and $3,033.5. If Ethereum prices continue to rise and break through the current support area, the market may focus on that area as a potential target price.

Altcoins are rising collectively, AI and mainstream MEME coins have become the first choice for funds, and the on-chain market popularity continues to rise. Glonk has a competitive landscape between multiple platforms and multiple chains. The market value of the letsbonk.fun version reaches up to $18 million, while the market value of the letsbonk.fun version reaches up to $15 million. The founders of both platforms have spoken out for their respective versions of Glonk, which has made the market more focused. The letsbonk.fun version seems to be more popular at present. At the same time, the Crypto KOL Pata van Goon launched Gooncoin (GOONC) on the Believe platform. After Moonshot announced its launch, its market value once exceeded US$70 million. In addition, Believe's platform coin LAUNCHCOIN (formerly PASTERNAK) soared from its market value from US$2.7 million on May 9 to US$280 million today, an increase of more than 100 times in the past week.

2. Key data (as of 12:00 HKT on May 14)

(Data source: Coinglass, Upbit, Coingecko, SoSoValue, Tomars, GMGN)

• Bitcoin: $103,564 (+10.92%), daily spot trading volume $32.876 billion

• Ethereum: $2,638.26 (Year-Date--20.2%), daily spot trading volume is $35.33 billion

• Corruption Index: 74 (greed)

• Average GAS: BTC 1.07 sat/vB, ETH 0.95 Gwei

• Market share: BTC 61.3%, ETH 9.5%

• Upbit 24-hour trading volume ranking: XRP, ETH, KAITO, DOGE, BTC

• 24-hour BTC long-short ratio: 1.0141

• sector rises and falls: Launchpad sector rises 15.15%, Meme sector rises 8.51%

• 24-hour liquidation data: 123,265 people worldwide were liquidated, with a total liquidation amount of US$364 million, and its BTC liquidation was US$49.539 million, ETH liquidation was US$157 million, and SOL liquidation was US$16.926 million.

• BTC medium and long-term trend channel: upper line ($100716.05), lower line ($98721.68)

• ETH medium and long-term trend channel: upper channel ($2287.28), lower channel ($2241.99)

*Note: When the price is higher than the upper and lower edges, it is a medium- and long-term bullish trend, and vice versa is a bearish trend. When the price passes through the cost range repeatedly in the range or in the short term, it is a bottom or top state.

3.ETF flow direction (as of May 13)

• Bitcoin ETF: -96.1425 million USD

• Ethereum ETF: +$13.3728 million

4. Looking forward today

• Binance Wallet will open the 16th TGE project on May 14: Privasea (PRAI)

• Web3 Bank Vaulta (formerly EOS) changed the EOS token to A token, with a conversion ratio of 1:1

• Metis launches Androidda upgrade, introducing two breakthrough innovations: fraud proof mechanism and data availability migration to Ethereum main network

• BlockFi Creditors need to claim bankruptcy compensation as soon as possible, with May 15 deadline

• Distributed Verifier Technology Project Obol Collective plans to launch its token $OBOL on May 15

• If the new proposal to replace MKR as the only governance token is passed, the governance authority will be moved to the new contract starting from May 15th

• Sei (SEI) unlocks approximately 55.56 million tokens, with a ratio of 1.09% to current circulation, and is worth approximately US$14.5 million

• Starknet (STRK) unlocks approximately 127 million tokens, with a ratio of 4.09% to current circulation, and is worth approximately US$23 million

The number of people who requested initial unemployment benefits in the United States to May 10 (10,000) (20:30 on May 15)

• Actual: To be announced/Previous value: 22.8 / Expected: 23

The biggest increase in the top 500 market value today: PEOPLE rose 57.55%, SATS rose 45.08%, BOME rose 40.14%, GODS rose 38.79%, and NEIRO rose 37.94%.

5. Hot News

• LAUNCHCOIN, a trader bought for $9,075 a month ago, is currently worth $4.7 million

• Abraxas Capital has purchased ETH positions in the past week reaching US$561 million

• Pudgy Penguin CEO: Abstract Chain's TGE is expected to be held in Q4

• An investor/institutional address transfers 11.652 million UNIs into Coinbase Prime, which is approximately US$82.38 million

• Uniswap Foundation transfers UNI worth $3.12 million to Binance via FalconX in the past 28 hours

• A giant whale deposited 11.9 million USDC to HyperLiquid again, increasing short positions on BTC, ETH and SOL

• DeFi Development Corp. spent $23.6 million to increase its holdings in SOL, with total holdings increasing to 595,988 pieces

• Twenty One Capital has purchased $458.7 million worth of Bitcoin

• DWF Labs purchased 3 million SIRENs and withdrew coins on the chain

• Moonshot launches FITCOIN , NOODLE, GOONC

• Binance Alpha launches NAVX , SCA , RDAC

• In 2022, the giant whale that stocked more than 120,000 ETH completed clearance, making a profit of more than US$131 million

• The US has not adjusted the CPI annual rate in April 2.3%, and the CPI monthly rate after the seasonal adjustment is 0.2%.

• The RDAC airdrop Alpha points required for Binance online are 205 points, and the application will consume 15 points of Alpha points.

• Four wallets will be approximately $23.82 million from CEX in 4 days, accounting for 24.2% of the total supply